WELCOME TO GMS RLSS ONLINE HELP
The help you need at your fingertips.
Review or print borrower type codes to assist in managing the loan portfolio and related reports.
Enter a single alpha code.
Enter descriptive text to be attached to the code just entered.
Put a checkmark here if all loans with this borrower type will be entered in Loan Master under Company Information.
Put a checkmark here if all loans with this borrower type will be entered in Loan Master under Personal Information.
If the new borrower type may be either a Company or Personal loan, do not put a checkmark in either box. You will then be prompted when entering the loan which side of the Loan Master the information will be entered into.
Things You Should Know
Borrower Type is a required field within each Loan’s Master file. There are six pre-established codes which cannot be edited or deleted.
These codes are:
L Limited Liability Company
S Sole Proprietorship
Selection of an appropriate code is very important when entering or editing Master Files. If the selected code is (C)orporation, (L)imited Liability Company, (P)artnership, or (S)ole Priorietorship, data will be entered into the area titled “Company Loan Information” in the Loan Master file. If the code selected is (I)ndividual/Personal, data is then entered into the area titled “Personal Loan Information”. If the selection is (O)ther, you will be prompted to select the appropriate area for entry.